Motsepe and SA’s richest score big off Trump victory

While Trump’s ascent to the most powerful position in the world may have dented the net worth of the rest of the world’s wealthiest people, SA’s super-rich faired a lot better.

According to Forbes’ real-time data, Motsepe – who the magazineranks as the sixth-richest man in the country with a net worth of $1,7 billion (R24,4 billion) – gained a cool $48 million (R689 million) between Tuesday and Wednesday this week.

The rest of the world’s wealthiest businessmen, however, weren’t as fortunate, with the Bloomberg Billionaires’ Index revealing that world’s richest people collectively lost $41 billion (R588,6 billion) on Wednesday.

Carlos Slim, Mexico’s richest man and the fifth-wealthiest in the world, lost $5,1 billion (R73,2 billion), as the Mexican peso plummeted 12% as soon as news of Trump’s shock win broke.